Kamala Harris unveiled a housing plan prioritizing tenant protection, emphasizing legislation to mitigate collusion among landlords that hikes rental prices through algorithm-driven strategies.
Harris stated, 'Some corporate landlords collude with each other to set artificially high rental prices, often using algorithms and price-fixing software to do it. It's anticompetitive, and it drives up costs.'
With rents rising 19% since 2019, a record number of U.S. tenants are rent-burdened, spending over 30% of their income on housing and utilities.
A survey found that 83% of Democrats and 68% of Republicans view the lack of affordable housing as a significant issue, highlighting broad bipartisan concern.
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